LEE ENTERPRISES, Inc (NASDAQ: LEE)

Lee Enterprises, Incorporated operates as a digital-first subscription and marketing services company, delivering high-quality, trusted, and deeply local news and information. The company serves 72 mid-sized communities across 25 states, engaging audiences through a rapidly expanding digital platform that reaches more than 633,000 digital-only subscribers. Lee Enterprises is committed to strengthening and enriching the communities it serves by providing compelling local content, superior subscriber experiences, and innovative, data-driven advertising and marketing solutions.

The company generates revenue through a combination of subscriptions, advertising, and digital marketing services. Subscription revenue comes from digital and print subscriptions, supported by growing digital engagement. Advertising revenue is generated through a comprehensive suite of omni-channel marketing solutions, including digital, print, programmatic, video, and social media campaigns. Additional revenue streams include commercial printing, distribution services, and other digital services through the SaaS content management solution, BLOX Digital.

• Digital Subscription Platforms: Lee Enterprises operates a range of digital subscription platforms, including stltoday.com, omaha.com, buffalonews.com, madison.com, and richmond.com. These platforms cater to local audiences in St. Louis, Omaha, Buffalo, Madison, and Richmond, respectively, providing hyper-local content alongside relevant national and international news. The company's digital platforms are accessible across various formats, with real-time updates available through websites and mobile applications.

• Print Publications: The company publishes daily and weekly newspapers, including the St. Louis Post-Dispatch, Omaha World Herald, Buffalo News, Wisconsin State Journal, and Richmond Times-Dispatch. These print publications serve local communities, offering original, trusted local content. Lee Enterprises also publishes other daily and non-daily publications, catering to a broader range of local markets.

• Marketing Services: Lee Enterprises provides a suite of AI-powered solutions under the brand Amplified. These solutions cater to local advertisers, enabling them to engage customers, strengthen their brands, and accelerate growth through data-driven, omni-channel marketing approaches. The company's marketing services extend its reach and reinforce its position as a trusted local media and marketing partner.

Lee Enterprises competes with other media and digital companies for advertising and marketing spend. The company's print and digital products compete with national media providers, amateur content creators, and other news and information outlets for subscription spend. The market for local digital marketing solutions is highly competitive and evolving, allowing opportunities for new competitors to enter. Lee Enterprises believes it competes favorably due to its data-driven, omni-channel sales approach, experienced digital sales force, and overall customer satisfaction. The company's suite of AI-powered solutions, Amplified, competes with other digital marketing solutions agencies and media companies with similar strategies.

The company's customer base includes more than 20,000 local advertisers who utilize Lee Enterprises' marketing solutions to engage customers and strengthen their brands. Additionally, the company serves a broad audience of digital and print subscribers across its 72 mid-sized communities. Lee Enterprises' primary revenue streams are derived from subscriptions, advertising, and digital marketing services, catering to a diverse range of local businesses and consumers seeking trusted local news and information.